Political Quotes

On the recordJanuary 5, 2007
Six years, $3 trillion in new debt. The largest accumulation of debt in the shortest period of time in American history. That is the legacy. And the one thing you can say about George Bush and this economy is we will be forever in your debt. That is the one thing that is clear. Now, folks, I am glad that you have the sentiment to be for this, but you had the inability to do it. We are going to do something you talked about, but we actually are going to walk the walk and not just talk the talk. We are going to put this fiscal house in order. And you did get handed a surplus prior to total Republican control. You got handed a surplus. It wasn't illusory. Nobody could not find it. We knew exactly where it was. And you spent it. You did something no American President and no Congress had ever tried in American history. Three wars, three tax cuts, $3 trillion in new debt. I don't know what your fixation is about that. You have got a fixation for the number three. I have no idea why. But that is what you did. You had a war in Iraq, a war on terror, a war in Afghanistan. You tried three major tax cuts, and you got $3 trillion in new debt. And on day number two, the Democrats have said enough is enough with running up the debt and the deficit of this country. We are going to begin to take steps to put our fiscal house in order. And let's start with number one, and that is earmark reform.
Said by
Rep. Rahm Emanuel
Illinois

Editor's note · Context

Addressing the accumulation of national debt and fiscal responsibility in Congress.

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